BILL (NYSE:BILL) Price Target Lowered to $44.00 at The Goldman Sachs Group

BILL (NYSE:BILL) had its price objective lowered by The Goldman Sachs Group from $52.00 to $44.00 in a report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also issued reports on BILL. Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a research note on Friday, April 3rd. Evercore set a $42.00 price target on BILL in a research note on Friday, February 6th. Zacks Research lowered BILL from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. BMO Capital Markets decreased their price target on BILL from $50.00 to $46.00 and set a “market perform” rating on the stock in a research note on Friday, February 6th. Finally, Canaccord Genuity Group lifted their price target on BILL from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Thirteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, BILL currently has an average rating of “Hold” and a consensus price target of $56.59.

BILL Trading Up 5.8%

Shares of BILL stock opened at $36.74 on Monday. BILL has a fifty-two week low of $34.44 and a fifty-two week high of $57.21. The stock’s fifty day moving average price is $41.65 and its two-hundred day moving average price is $47.67. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $3.64 billion, a PE ratio of -153.07, a P/E/G ratio of 4.08 and a beta of 1.32.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. BILL had a positive return on equity of 1.70% and a negative net margin of 1.56%.The company had revenue of $414.67 million for the quarter, compared to analyst estimates of $399.71 million. During the same quarter last year, the company posted $0.56 EPS. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. BILL has set its Q3 2026 guidance at 0.530-0.570 EPS and its FY 2026 guidance at 2.330-2.410 EPS. Equities analysts predict that BILL will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in BILL by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 10,843,612 shares of the company’s stock worth $574,386,000 after purchasing an additional 371,265 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in BILL by 82.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 90,683 shares of the company’s stock worth $4,803,000 after purchasing an additional 41,103 shares during the last quarter. ING Groep NV bought a new position in BILL during the 3rd quarter worth $26,485,000. Oak Thistle LLC bought a new position in BILL during the 3rd quarter worth $2,737,000. Finally, WINTON GROUP Ltd bought a new position in BILL during the 3rd quarter worth $7,298,000. 97.99% of the stock is owned by institutional investors.

About BILL

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency. It also offers onboarding implementation support, and ongoing support and training services.